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Problem 3-7 DuPont Identity [LO 3] If jPhone, Inc., has an equity multiplier of 1.44, total asset turnover of 1.73, and a profit margin of
Problem 3-7 DuPont Identity [LO 3] If jPhone, Inc., has an equity multiplier of 1.44, total asset turnover of 1.73, and a profit margin of 11 percent. Required: What is the company's ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) ROE
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